Idaho Shakespeare Festival Inc
- Assets
- $8.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 109
- Location
- Boise, ID
- Founding
- 08/1975
- Data as of
- 10/2020
- EIN
- 82-0316246
Organization Overview
Idaho Shakespeare Festival Inc is located in Boise, ID. The organization was established in 1975. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2020, Idaho Shakespeare Festival Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho Shakespeare Festival Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2020, Idaho Shakespeare Festival Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.2m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FESTIVAL'S MISSION IS TO PRODUCE GREAT THEATER, ENTERTAIN AND EDUCATE. TO REALIZE THIS MISSION, THE FESTIVAL SEEKS TO: DEVELOP AN ARTISITIC HOME FOR THEATER ARTISTS THAT SUPPORTS EMERGING ACTORS, ENCOURAGES NEW REGIONAL AND NATIONAL PLAYWRIGHTS, PROMOTES OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDAHO SHAKESPEARE FESTIVAL PROFESSIONAL PRODUCTIONS OF SHAKESPEARE AND OTHER PLAYS DURING THE SUMMER MONTHS AND EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles H Fee Artistic Director | 40 | $132,074 | |
Mark Hofflund Managing Director | 40 | $130,473 | |
Vernon Banks President | OfficerTrustee | 1 | $0 |
Shavonna Case VP Of Fundraising | OfficerTrustee | 1 | $0 |
Hollis Brookover VP Board Ops | OfficerTrustee | 1 | $0 |
Kristin Bjorkman VP Of Finance | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,647,030 |
| Investment income | $38,807 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,739 |
| Net Income from Fundraising Events | $54,420 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,964,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $336,615 |
| Compensation to disqualified persons | $631,712 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $228,722 |
| Payroll taxes | $71,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $109,660 |
| Office expenses | $105,340 |
| Information technology | $41,934 |
| Royalties | $186,897 |
| Occupancy | $0 |
| Travel | $63,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $276,844 |
| Insurance | $16,874 |
| All other expenses | $0 |
| Total functional expenses | $2,213,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,453,177 |
| Savings and temporary cash investments | $1,343,074 |
| Pledges and grants receivable | $129,465 |
| Accounts receivable, net | $21,326 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,078 |
| Prepaid expenses and deferred charges | $219,225 |
| Investments—publicly traded securities | $628,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,306 |
| Total assets | $8,329,786 |
| Accounts payable and accrued expenses | $15,820 |
| Grants payable | $0 |
| Deferred revenue | $184,574 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200,394 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,129,392 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Idaho Shakespeare Festival Inc has recieved totaling $2,350.
| Awarding Organization | Amount |
|---|---|
Thomas M And Carol F Smith Family Foundation Inc Boise, ID PURPOSE: PROMOTION OF THE PERFORMING ARTS | $1,525 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $825 |
Endowment Analysis
| Beg. Balance | $1,751 |
| Admin Expense | $1,151 |
| Ending Balance | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Seattle Repertory Theatre Seattle, WA | $11,018,492 | $11,241,562 |
Village Theatre Issaquah, WA | $23,494,101 | $8,767,180 |
A Contemporary Theatre Inc Seattle, WA | $4,152,223 | $6,596,754 |
Portland Center Stage Portland, OR | $4,466,227 | $5,640,293 |
Mct Inc Missoula, MT | $5,451,347 | $4,816,315 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Artists Repertory Theatre Portland, OR | $14,727,144 | $2,680,665 |
Idaho Shakespeare Festival Inc Boise, ID | $8,329,786 | $2,964,259 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Lake Tahoe Shakespeare Festival Incline Village, NV | $4,245,960 | $3,281,059 |
Tower Theatre Foundation Inc Bend, OR | $3,447,410 | $2,473,687 |